0648 GMT - The dollar rises as traders continue to bet on the Federal Reserve raising interest rates this year and digest the latest developments in the Middle East conflict. The dollar should remain strong until the Iran war is over, Commerzbank's Antje Praefcke says in a note. Only then would it…
Sweden's Swedbank Manufacturing PMI rose to 58.3 in June 2026 from an upwardly revised 57.4 in May, marking its highest level since January 2022 and extending its run above the long-term average to 12 consecutive months.The improvement was driven by stronger production (59.9 vs 58.4 in May) and ord…
Retail sales in Switzerland climbed by 3.5% year-on-year in May 2026, far exceeding market expectations for a 0.8% gain and accelerating from a slightly upwardly revised 1.7% rise in the previous month.The latest reading also marked the fastest growth in retail activity since June last year, driven…
Bhaskar RajThe UAE property market is set to see a new growth cycle in the next six months, with increased transactions, rising demand, upward price trends post-December 2026 due to stabilised supplies and higher rental returns, CEO of property management company 10X Properties said.Sukesh Govindan…
According to the latest Nationwide house price index, prices rose 2.2% on an annual basis but were broadly unchanged month-on-month, following a 0.6% decline a month earlier. Economists had expected a slightly higher annual increase, of 2.4%.The average house price now stands at £277,484.However, N…
China's manufacturing section recorded its strongest quarterly performance since late 2020, although growth eases marginally in June, indicating that factory activity remains resilient even as broader economic conditions remain fragile.The RatingDog China Manufacturing Purchasing Managers' Index (P…
British retailer Topps Tiles LSE:TPT on Wednesday warned its annual profit could drop by 29% after quarterly like-for-like sales were hurt by customers trading down to cheaper products and heatwave-induced temporary work stoppages among builders.The company said it expects adjusted pretax profit fo…
The Reserve Bank of Australia’s Index of Commodity Prices rose 16.9% year-on-year in June 2026, following an upwardly revised 18.4% jump in the previous month.The increase was driven largely by strong price growth in gold, coking oil, and rural commodities, which more than offset declines in liquef…
Dubai, United Arab Emirates: Dubai Founders HQ has partnered with global early-stage venture capital firm Antler to launch the Entrepreneur Academy, a six-week programme designed to help aspiring entrepreneurs take their first step towards building a business.Created for individuals who have the am…
Iron ore futures fell below CNY 740 per ton, drifting toward their lowest levels in nearly a year as new European Union trade restrictions on steel imports clouded the demand outlook.The European Commission introduced quotas under a new system to curb duty-free steel imports into the EU, aiming to…
By Jaspreet KalraThe Indian rupee was largely unchanged on Wednesday as likely intervention offset weakness in Asian peers, while analysts parsed data on the central bank's forward dollar liabilities to gauge how it may impact the currency's outlook.Data on Tuesday showed that the Reserve Bank of I…
Russia’s S&P Global Manufacturing PMI rose to 50.3 in June from 48.8 in May, signaling the first improvement in factory activity in over a year and the strongest operating conditions since January 2025.Output expanded at the fastest pace since January 2025, while new orders stabilized after 12 mont…
Business confidence in Germany's chemical industry improved sharply in June, helped by easing energy prices and a temporary boost in demand due to disruptions in the Middle East, a survey showed on Wednesday.The Ifo institute's index for sector confidence rose to -17.8 points from a seasonally adju…
Majda MuhsenIraq is moving ahead with plans to establish an Energy and Development Fund backed by the Central Bank of Iraq that will be opened to regional and international investors, Prime Minister Ali Faleh Al-Zaidi said.A statement issued by the prime minister's media office on Tuesday, citing h…
BEIJING (dpa-AFX) - China's manufacturing activity logged a robust growth in June, completing the strongest quarter since the fourth quarter of 2020, survey data released by S&P Global showed Wednesday.The RatingDog China manufacturing Purchasing Managers' Index posted 51.7 in June, down from 51.8…
A fresh RBI notification on the surrender of NBFC registrations. issued on the evening of June 30, just a day before its new Upper Layer norms were to kick in, may complicate the reprieve narrative that has been building around Tata Sons.On June 30, the RBI put out a press release revising the appl…
Building Northern Powerhouse Rail (NPR) risks repeating the failures of HS2 with “no convincing plan” to deliver it within a £45bn budget, an influential committee of MPs has warned. The government announced in January its commitment and funding for the NPR project to connect cities across the nort…
European equity markets were set to open slightly lower on Wednesday as the recent rally in global stocks lost momentum, while investors cautiously awaited a key US jobs report and Federal Reserve Chair Kevin Warsh’s remarks at the ECB Forum in Sintra, Portugal.European shares ended at record highs…
Artificial intelligence company Anthropic is set to restore public access to its most powerful AI models, Claude Fable 5 and Mythos 5, weeks after they were pulled offline under a directive from the US government.Anthropic’s two latest models have been restricted from public access since June 12, w…
The UK Nationwide House Price Index rose 2.2% year-on-year in June 2026, missing market expectations of 2.4% but accelerating from a 1.7% increase in May.Nationwide Chief Economist Robert Gardner said that easing geopolitical tensions and lower-than-expected inflation have strengthened expectations…
